Xinjiang Lixin Energy (001258.SZ) joint venture company Huadian Tianshan plans to increase capital and introduce the investor Xinjiang Energy Group.

Xinjiang Lixin Energy (001258.SZ) announced that its affiliated company Huaneng Tianshan plans to increase its registered capital by 3.987 billion yuan. Shareholder Huaneng New Energy Group Co., Ltd. ("Huaneng New Energy") will increase its capital by 2.392 billion yuan, while introducing investor Xinjiang Energy (Group) Co., Ltd. ("Energy Group") to increase its capital by 1.595 billion yuan. Taking into consideration the company's own business operations, overall development planning, and fund arrangement, Xinjiang Lixin Energy intends to waive its priority subscription rights for this capital increase. After the completion of this transaction, the company's equity stake in Huaneng Tianshan will be diluted from 40% to 13.42%.